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Barroso has declared victory

It was the week of central banks announcements. But frankly speaking nothing new has happened. ECB let rates unchanged and so to say the Bank of England.  Mario Draghi admitted that euro area growth is still under question and that we may expect prolonged period of low inflation. This brings…

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ECB four-flush

We already know that ECB is prepared to use so called OMT mechanism to buy on secondary markets government bonds in trouble. The only thing we know is that ECB is prepared but close details were never revealed to public. But the rhetoric was so strong that markets calmed down…

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Financial and Natural Hurricanes

Haiya is the name for the biggest hurricane ever which was heading towards Filipinas this week. According to experts there is not almost nothing built on the Philippines that can withstand winds like that. We know natural disasters very well but do we heading into the some which are caused…

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They’ll leave again

So it happened. Finally. The recession is over. The 0.3 % growth is considered as the end of it. Not so hurry. Cautious is also Mari Draghi who said that he is very, very cautious about prospects for growth and added that Syria situation could lead to some geopolitical risks.…

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War against Gold

The war against gold continued in India. Many Indian customers find out this week that it is no longer possible to purchase gold by credit card. The Reserve Bank of India is leaving no stone unturned to discourage gold buyers in India. Indian consumers tend to convert gold purchases into…

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China Could Be a New Leader

Today’s gold fans are quite clever. They observe gold market and they hold back purchases because they still expect the price decline. This is the situation in the UAE where gold’s golden run seems to be over; at least for the moment. It is especially very apparent in the jewelry…

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Manipulation on Gold

It is interesting that gold bearish Deutsche Bank is opening a vault in Singapore. The vault can hold $9 billion of gold. Reasons behind are twofold. First Singapore last year scrapped a goods-and-services tax on gold to help boost its share of global gold demand to 10-15% within a decade.…

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Asia and Its Gold Appetite

According to the Thomson Reuters the figure of smuggled gold which reach India will hit 140 tons this year. It means 40 % increase compared to previous year. Main reasons behind are huge demand for yellow metal from public and the policy of Indian government which consists of imports duties,…

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Gold demand was down

The World Gold Council released a new report about global demand / supply trends. The main hints from the report were that gold demand was down 13% on yearly basis compared with Q1 2012. Due to the fact of lower prices of yellow metal the value measure of gold demand…

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